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Tesco shows 55% slump in operating profit

Oct 07, 2015 | 05 : 32 PM

Britain's biggest supermarket, Tesco, posted a 55% slump in first-half profit, showing the scale of the financial damage wrought by discount groups and raising questions over its CEO, Dave Lewis' turnaround plan. In line with recent market data, Tesco showed a steady improvement in trading in its home business an...

Creating opportunity via MoU between MHRA & CDSCO

Oct 07, 2015 | 05 : 30 PM

To increase collaboration in the area of medicines and medical devices, UK's Medicines and Healthcare products Regulatory Agency (MHRA) today signed a MoU with its counterpart body in India.  With an aim of improving public safety in the two countries, a MoU was signed between the Central Drugs Standard Control ...

Ruling on merging of 3 Coca-Cola European bottlers...

Oct 06, 2015 | 05 : 45 PM

European Union competition regulators will rule by Nov. 9 whether to approve a plan by three Coca-Cola bottlers in Europe to merge their businesses to deal better with industry challenges, stated Reuters. Coca-Cola Enterprises, Coca-Cola Iberian Partners (CCIP) and Coca-Cola's German bottling business plans to create...

Costa to deliver 200 apprenticeship placements

Oct 06, 2015 | 03 : 35 PM

Costa, part of Whitbread Plc, has increased the pay of its 12,500 baristas from 1st October onwards. It announced that Costa baristas will be earning a minimum of £7.40 an hour, once they have completed their initial training (baristas who are in training will start on £7.20 an hour). Baristas in London will be ...

Voylla raises funds for expansion

Oct 05, 2015 | 07 : 14 PM

Jaipur-based fashion jewellery brand Voylla has raised USD 15 million (about Rs 98 crore) in funding from private equity firm, Peepul Capital. The funds will be used for brand building, expansion of the distribution network, investments in technology and enhancement of manufacturing capacity. Founded in 2011, Voylla m...

Indian banks to inject funds into UK auxiliaries

Oct 05, 2015 | 07 : 12 PM

Some of India's biggest banks like the SBI are being forced to inject hundreds of millions of pounds to capitalise new UK subsidiaries under new rules.  India's largest bank, State Bank of India (SBI) and Bank of Baroda BSE 2.92 % are among those affected by the new norms following concern at the UK's Pr...

Burger King introduces innovative offering for the...

Oct 01, 2015 | 05 : 53 PM

To boost sales and generate greater footfall, F&B franchise brands are introducing innovative offerings. Burger King, a US based international fast food chain is launching the Halloween Whopper sandwich, a burger unlike any other in the UK, with a black bun. Inspired by the Burger King brand’s black burger in Japa...

Stefan Larsson new CEO of Ralph Lauren

Oct 01, 2015 | 05 : 50 PM

Ralph Lauren, a luxury apparel brand announced that Stefan Larsson, one of the most successful executives in the fashion industry, has been named Chief Executive Officer. His appointment will become effective in November, at which time he will also join the Ralph Lauren Corporation board. Larsson will report to Ralph Lauren...

British retail sales show a sharp increase

Sep 30, 2015 | 05 : 40 PM

British retail sales growth beat expectations this month by a comfortable margin, a survey by the Confederation of British Industry showed on Tuesday. The CBI distributive trades survey's retail sales balance rose to +49 in September, its highest since May. That was up from +24 in August and beat expectations for a +...

Dr Batra's opens its first UK clinic

Sep 30, 2015 | 04 : 21 PM

Dr Batra's, one of India's well known homeopathy brand has launched its first clinic in the UK. "We're delighted to launch our new homeopathic clinic in the UK. We're a large brand of professional doctors and wanted to give the advantage of homeopathy to Indians who live in the UK," Mukesh Batra, F...

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